justaname
Short

EUROPE... FAKE JOBS (and EU sub parity)

FX:EURUSD   Euro Fx/U.S. Dollar
125 2 1
Heard the most insane thing today, fake jobs:
http://www.zerohedge.com/news/2015-05-29/europe-has-solution-unemployment-problem-fake-jobs
http://www.nytimes.com/2015/05/31/business/international/in-europe-fake-jobs-can-have-real-benefits.html?_r=0

So europe to stimulate economy, will make fake firms and fake jobs in a parallel universe. Has the world really gone insane?
Europe economy will go down the drain like no other....
Parity is not out of the question for EU.
But long term?
EU to 0.90 or less?

Anyways, on 1h chart, that wedge won't hold too much.
As much as they'll make it an uptrend, a shock likely to come and grexit will happen this week.
Please comment on fake jobs hahaha
"The success rate of the training centers is high. About 60 to 70 percent of those who go through France’s practice firms find jobs, often administrative positions,..."
+1 Reply
justaname pete002
Haha you caught that one pretty nice! :)
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